PAYMENT AFTER BORROWER EVENT OF DEFAULT. Upon the occurrence and during the continuation of a Borrower Event of Default, all Contract Proceeds pertaining to Facility Contracts and/or Facility Equipment shall be applied by Lender in such manner as Lender shall determine.
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Samples: Loan and Security Agreement (PDS Gaming Corp), Loan and Security Agreement (PDS Financial Corp), Loan and Security Agreement (PDS Financial Corp)
PAYMENT AFTER BORROWER EVENT OF DEFAULT. Upon the occurrence and during the continuation of a Borrower Event of Default, all Contract Proceeds pertaining to Facility Contracts and/or Facility Equipment shall be applied by Lender in such commercially reasonable manner as Lender shall determine.
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